NICE Ltd. (NASDAQ:NICE) Stock Position Lowered by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd lowered its stake in NICE Ltd. (NASDAQ:NICE) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,802,822 shares of the technology company’s stock after selling 61,709 shares during the period. NICE makes up approximately 2.8% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 7th largest holding. Clal Insurance Enterprises Holdings Ltd owned about 2.87% of NICE worth $306,779,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of NICE in the third quarter worth about $3,348,000. DekaBank Deutsche Girozentrale grew its stake in shares of NICE by 229.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 10,763 shares of the technology company’s stock worth $1,826,000 after purchasing an additional 7,500 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of NICE by 8.9% in the third quarter. First Trust Direct Indexing L.P. now owns 3,917 shares of the technology company’s stock worth $680,000 after purchasing an additional 320 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NICE. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Barclays cut their price objective on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Northland Securities cut their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada cut their price objective on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, NICE has an average rating of “Moderate Buy” and an average target price of $231.64.

NICE Stock Down 2.7 %

Shares of NASDAQ NICE opened at $139.18 on Friday. NICE Ltd. has a twelve month low of $137.65 and a twelve month high of $270.73. The firm has a market cap of $8.75 billion, a P/E ratio of 20.59, a PEG ratio of 1.07 and a beta of 1.06. The company has a 50 day moving average of $166.68 and a 200 day moving average of $172.47.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, equities analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

NICE Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.